Condo - Condominium Act, Chapter 718, Florida Statutes

1. General Provisions: Definitions and guiding principles related to condominiums.

2. Administration of the Condominium Act:

· Creation, alteration, and termination of condominiums.

· Role and requirements for the Division of Florida Condominiums, Timeshares, and Mobile Homes.

3. Rights and Obligations of Developers:

· Rules on selling, leasing, and management.

· Limitations on developer control.

· Obligations for repair and warranties.

4. Rights and Obligations of Unit Owners:

· Rules for using the condominium property.

· Maintenance responsibilities.

· Alterations to the unit.

5. Association Governance:

· Formation and powers of the association.

· Board meetings, quorums, voting, and election procedures.

· Financial operations, budgeting, and assessments.

· Official records and access to those records.

6. Regulation by Division:

· Provides for oversight by the Division of Florida Condominiums, Timeshares, and Mobile Homes.

· Allows for penalties for violations of the Act.

7. Special Types of Condominiums: Provides rules for timeshares, commercial and industrial condominiums, and others.

8. Termination of Condominium:

· Procedures and requirements for termination.

· Protection for owners in the event of a termination.

9. Amendments to the Act: Describes how the Act can be updated or modified.

10. Miscellaneous: Other provisions not classified elsewhere, including insurance, warranties, and the role of the Ombudsman.

For more info visit Condo - Condominium Act, Chapter 718, Florida Statutes